Answer:
People didn't want to trade their goods for other goods anymore.
Explanation:
People wanted to have both their item and another item (which they wanted to buy). Then currency was invented.
Answer:
D. $3.40
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
= ($2,000 + $400 + $1,000) ÷ (1,000 machine hours)
= $3,400 ÷ $1,000 machine hours
= $3.40 per hour
I had to look for the options and here is my answer:
The one that best illustrates a scenario that shows a country having a "trade deficit" is when their imports exceed their exports. This means that they have spent more on imports than what they earn on their exports and this creates an imbalance in the nation's economy.
